Tust Choose The Correct Answer. No Need For Further Explanation. 13. A corporation issues $300,000, 10%, 5-year bonds on January 1 , 2017, for $287,400. Interest is paid annually on January 1, lf the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2017's adjusting entry is a. $32,520. b. $30,000. c. $27,480. d. $2,520. 14.A disadvantage of the corporate form of organization is a. professional management b. tax treatment. c. ease of transfer of ownership d. lack of mutual agency 15.Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to: a. Common Stock $50,000 and Paid-in Capital in Excess of Stated Value $20,000 b. Common Stock $70,000. c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000. d. Common Stock $50,000 and Retained Earnings $20,000